Airlines and lessors may soon face a substantial hike in insurance costs after lessors made insurance claims for aircraft seized in Russia. Last week, we saw that Ireland-based AerCap, the world’s largest lessor, made an insurance claim worth $3.5 billion. This claim...
Officials with lessor BOC Aviation, recently stated that the current deadline for getting back aircraft from Russian airlines is unrealistic. The volatile situation in Ukraine continues to have repercussions well beyond the region. Since Russia’s invasion, the...
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